Re: Is KRY Going to Receive Any Accrued Interest on the Award?
in response to
by
posted on
Aug 05, 2023 12:11PM
Crystallex International Corporation is a Canadian-based gold company with a successful record of developing and operating gold mines in Venezuela and elsewhere in South America
I choose to use the 6 month average as outlined in the ISCID awatd on Page 263.
d) above at the rate of the 6-month average U.S. Dollar LIBOR + 1%, compounded annually
I also interperted the rate to be adjusted each year to the actual 6 month average.
Either way we are not talking about a small figure. We will know for sure when the special master has to come up with a figure to know how many Citgo shares need to be sold to satisfy the court to what is owed.